The fact that in the CIP records appear more than 500 companies from Romania which have generated major incidents of payment regarding to the bills of exchange, and for some companies, the CIP's records include many pages, with dozen or even hundreds of incidents, plus the fact that only a company refused to pay in the last six months promissory notes in total value worth one million euro represents a "proof that there is no confidence in using these tools.

While this restatement is necessary to comply with generally accepted accounting principles, it will also improve Tri-S Security's income statement moving forward by reducing the non-cash interest expense related to the 10% convertible promissory notes," said Ronald Farrell, Chairman and CEO of Tri-S Security.

In addition, it is strongly advised that the signatory of the promissory note be the authorized representative of the debtor who has the power to bind and represent the company with respect to issuing promissory notes on its behalf.

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